he is the white house national economic advisor. joining us also is nancy cook from politico and damian paletta from the washington post. let me begin on the issue of china and trade. the president this past week saying we are moving closer to a new agreement. last week you said, "we have china over a barrel." where do things stand? mr. kudlow: actually, we are making good progress. i were trade negotiator was on hishill a lot of this week basic message is we are gaining on it, we are moving forward, closing on a deal. there are still issues to be resolved, particularly in the enforcement area. i also want to say as i have in the past, the discussions here have gotten deeper than at a ny time in u.s.-china trade relations. way beyond anything we have done. on the whole, they have been quite successful. three weeks ago, he came with his top deputies and that went very well. of course, he has to go back and get clearance from president xi and the bureau. then we had whatever it is, teleconference meetings, everyday last week. this wee

white house reporter. is the white house economic policy beat for the "washington post." thanks for being with us on c-span. [captions copyright national cable satellite corp. 2018] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] where history unfolds daily. in 19 79, c-span was created as a public service by america's cable television companies. today, we continue to bring you unfiltered coverage of congress, the white house, the supreme court, and public-policy events in washington dc and around the country. c-span is brought to you by your cable or satellite provider. congressman mike doyle of pennsylvania is the chair of the energy and commerce subcommittee on communications and technology. the subcommittee that deals with a myriad of tech issues. congressman doyle, thanks for being our guest on"the communactors

he is the white house national economic advisor. joining us also is nancy cook from politico and damian paletta from the washington post. let me begin on the issue of china and trade. the president this past week saying we are moving closer to a new agreement. last week you said, "we have china over a barrel." where do things stand? mr. kudlow: actually, we are making good progress. i were trade negotiator was on hishill a lot of this week basic message is we are gaining on it, we are moving forward,

white house? there a already tensions about a national emergency declaration, now new economic numbers. shawna: about this white house anyway and what 2020 will mean for them but i also think the problem for republicans and you can talk about this more but the tax bill is all wrapped up inwe this, as . is that they want to run on trump's economic numbers and it hasn a good refrain for him for the most part for the last two years that he has built tatever is going on wit economy that's doing well, he's oentinued it and that's great. if the president that have to run on and the republicans behind him do not have that to run on, then all he really has to run is running against, really, jerry nadler and his witch hunt and that may not help. jonathan: i would say two things. onemp is, t has had pretty good growth, a continuation of obama growth.ym the unempt numbers are good. but trump made two promises on the campaign trail which were fantastical and they're now running up again reality. the first one is that he's somehow going to be able to change and reverse these giant structur the idea t

that's the worst month since 2017 joining us over at reaction from the white house today, national economic director larry kudlow great to have you back, good morning. >> good morning, carl. i was there in the roman empire, wasn't all that great. we should put -- have some perspective on it. >> yhelp us understand 20,000. how did this happen? >> i think it is a very flukey number it is interesting that 20,000 there, the household employment number from which unemployment comes was up 255, a great number the unemployment rate fell right .2 from 4 to 3.8 wages were up, actually a big wage number year on year, 3.4% look, i think you have timing issues with respect to the government shutdown. winter, seasonal issues, very flukey i wouldn't pay attention to it to be honest with you. >> well, larry, it is jim. i want to -- i share your view i want to be able to defend the number as a way to be able to say there was weather and this time you got to take weather seriously. but i wonder, larry, at what point are some of these woes from overseas are we imported. i know we're going to import a lot fro

national security and economic policy, consider huawei a threat, a national security threat. what are they doing about this? obviously targeting them, sanctions, whatever. what we understand, the white house itself. national security policymakers and economic policymakers, people like wilbur ross, people like larry kudlow, are pushing for the approval of the sprint-t-mobile deal. now normally if this deal would come together you would say, wow, this raises massive antitrust concerns. if those two were allowed to merge, basically go from four to three major wireless carriers, right? connell: yes. >> you know, that they will control 95% of, three would control 95% of the market. connell: would be u.s. companies to match huawei. >> let me point this out. the doj antitrust would say this is a horizontal merger. basically layering on top of the same companies. it rings all sorts of bells, whistles, very hard to get through. the reason why people think this has a shot, 50/50 shot, because you have to worry about the clayton act which governs antitrust issues. policymakers say we need this deal, we need a strong t-mobile, stronger sprint, lesser layers in the wireless category to compete with hu

national review" institute hosted its ideas summits in washington, d.c. among the speakers, kevin hassett, who chairs the white house counsel of economic advisors in is just over 30 minutes. [applause] >> thank you. ladies and gentlemen, please hassett. airman kevin [applause] >> brooke is to inspirational. it reminded me a little bit of that speech that john belushi gave in "animal house." i was ready to charge on out here. >> good morning wake-up speech. kevin is a longtime friend. i've got on the the age now write don't refer to anybody as an old friend because it hastop meanings.

a bit more than the president redirected by invoking a national emergency at the border. here is white house economic advisor, larry kudlow earlier on "fox news sunday". >> we have a crisis down there. the president has made that case very effectively. it is economics, crisis of crime and drugs and a crisis of humanity. we have to be much tougher and more constructive immigration policy. arthel: ellison barber is live near mar-a-lago in west palm beach, florida. reporter: this budget is not officially out just yet. it will happen tomorrow whatever the democrats are pushing back especially when it comes to the big ask for border wall funding. sources familiar with the process and a number of sources familiar with the budget process are telling fox news the president plans to ask for $8.6 billion to fund his controversial border wall at the us-mexico border. sources say $8.6 billion will include 5 billion for homeland security and $3.6 billion from the pentagon military construction budget. they tell me 1.6 pain is meant to backfill the $3.6 billion that was in the national emergency declaration. in al

we have a lot of republicans in the senate who are against the national, excuse me they don't want to raise -- >> former white house economicade negotiations with china. why he says the u.s. is not desperate for a deal. is he right? that debate coming next. what's a company worth? how do you determine the durable value of a business in the transportation industry without knowing firsthand the unique challenges in that sector. coming out here, seeing the infrastructure firsthand, talking with the people behind the numbers creates a different picture. once i know what a business is truly worth, we can make better informed investment decisions. that's why i go beyond the numbers. ♪ you wouldn't accept an incomplete job from any one else. why accept it from your allergy pills? most pills don't finish the job because they don't relieve nasal congestion. flonase sensimist is different. it relieves all your worst symptoms, including nasal congestion, which most pills don't. it's more complete allergy relief. and all from a gentle mist you can barely feel. flonase sensimist helps block six key inflammatory substances. most pills on

national review" institute hosted its ideas summits in washington, d.c. among the speakers, kevin hassett, who chairs the white house counsel of economic advisors in is just over 30 minutes. [applause] >> thank you. ladies and gentlemen, please hassett. airman kevin [applause] >> brooke is to inspirational. it reminded me a little bit of that speech that john belushi gave in "animal house." i was ready to charge on out here. >> good morning wake-up speech. kevin is a longtime friend. i've got on the the age now write don't refer to anybody as an old friend because it hastop meanings. although i notice your contributions have fallen off lately. >> they have. >> we should work on that. -- describe it as an in-house think tank for the white house? >> that's exactly right. and the national review thing is a funny story. i don't know if you know but i was very humbled by it. i want to -- college, a pretty liberal place and i was a very liberal guy. i came from massachusetts, of all places and my college hoom roommate subscribed to national review. and back then there was no internet, no nothing so if your roommate had a magazine, you read it. it fund mentally

the policy makers in the white house have approved this deal, that means it's passed security clearance with national security clearance and with the economicy want that merger to happen, essentially, to compete with the chinese, huawei. susan: and -- >> it needs two prime approvals. it needs fcc, it needs doj antitrust. from what i understand, fcc is an easier lift than doj antitrust because it's a horizontal merger when you put two of the same companies together. it's called horizontal, liz claman, not vertical. susan: i'm sure she watches on vacation. >> that touches off a lot of antitrust alarm bells. fcc looks at the communications act. it's an easier bar to surpass. justice department looks at the blatant antitrust act, a harder bar to surpass. you do have the government, the policy guys saying approve this deal because we want three big carriers to develop 5g which is huge for our economy and compete with the chinese. susan: they can't invest in 5g until they get this merger. >> what does shot clock mean? stop the shot clock. susan: let's get to the bottom of what that term actually means. they have been looking at this so maybe it's

approval processes, and they have convinced the white house policy makers people in the economic team, people like larry kudlow and wilbur ross and people in nationalurity that this deal should go through. why? the company combined will be very strong, and it'll be very good competitor to the chinese. liz: so this is good news. charlie: this is good news. now here is still the hiccup and i'm telling you i've got this from people inside the white house. they still need approval from the sec and doj, anti-trust, why is that? well, malcolm has to make sure this large, horizontal merger, right, just layering two companies on each other -- liz: that would be vertical. charlie: no. liz: yes. charlie: no. liz: they do the same thing. charlie: this is a horizontal merger by the way. liz: oh,, why? charlie: just deal with me on this thing. liz: it just is. charlie: horizontal? vertical? liz: go on. charlie: it's the same company. like two companies that do the same thing, however you want to -- liz: it's vertical. charlie: two companies that do the same thing and basically reduces competition, because you're going from four major wireless carriers to three?

white house council of economic advisers, mr. kevin hassett. kevin started at his the 29th chairman of the council, being confirmed in september 2017 and is one of our nation's foremost economists. he's been a professor at columbia business school, worked at the federal reserve board, he's been a consultant to the treasury department and advised numerous presidents and presidential campaigns on economic issues. we are fortunate to have him here today to give us his expert view on the economy and it's future. today, he will be joined by mr. byron brilliant who will lead the conversation and i tell you it will be good judging by the greenroom of what they've got planned for you. byron is the executive vice president and head of international, which means he leads a team of policy experts here at the chamber working on investment issues around the world. most importantly, he is my boss and we all will give him a good round of applause. please welcome chairman kevin hassett to the stage. ♪ >> good afternoon on a monday morning. as kevin was saying, and has he said before in his career, whether you have a full room or not, depending on the weather and the speaker

of the white house's top trade negotiators are planning to leave in the coming weeks that's according to three associated with the plans. clete williams is the director of the national economict his plans to leave the white house he's the lead negotiator for the g7 and g20 and he's been traveling in place of larry kudlow for talks in beijing. it's unclear how or whether his departure will coincide with china trade talks. though people familiar with his plans cite twear of travel on hi young family there's a replacement in the works. that person's appointment is not yet finalized. certainly it is a major personnel change for the china delegation as these talks enter potentially their final weeks, guys >> is he someone who takes a hard line on relaxes tariffs or more open to finding a middle ground >> he's not an ideological adviser in that sense, wilf. his background is as an attorney so he focuses on the fine print and exactly what these negotiations say he's one of the most detail oriented trails on this. certainly would be a big way in these talks in the coming weeks. >> thank you, kayla. we'll watch the reaction to all this it's just under an hour now to the opening bell

one of the government leaders for the national peoples congress formally introduced a new foreign investment law. white house economic advisor larry kudlow tells me china must take this step for a deal with the u.s. t was made today. the chinese say the law will bar government and employees demanding foreign companies hand over their secrets. it creates a legal system in line with international rules to enforce that new law. >> translator: the foreign investment law includes many stipulation that insure domestic and foreign enterprises are are set of rules and complete on a level law is reflection of reforms that will open a new era in china. it is expected to pass next week. larry kudlow also confirming a provision that the chinese agreed upon in their last meeting in washington over enforcement. listen. >> we will get an enforcement procedure, which basically says, if you play by these rules we're fine. but if it is reported that you don't play by these rules, then we will have to take action that will surely revolve around tariffs. and the other side will have to sit by and not use tariffs. reporter: that is impor

straightforwardly that economic growth is slowing, the certain border is being overrun by record numbers of illegal immigrants, it means that the white house has lost its way and that the nation'seart will be, after all, broken by the very same people who brought 50 years of consecutive trade deficit and the export of middle class jobs and who have fed the swamp for decades. i have a request tonight. please let your congressman and this white house know what you think about all of this. and please be very honest with them. i'd make the same request of the advisers and the counselors to this president in this have served him and the nation so poorly. joining me now were tim ballard, the founder and c ex-rks of operation underground railroad who specializes in stopping child trafficking. also a former agent with the des. it is great, an honor to have you ca with us. >> thank you, lou. lou: we're hearing that the secretary of the department is saying the crisis is unsustainable and a president declared a national emergency and a party has decided to avert its eyes and pretend this is all about politics, particularly 2020 instead of national security and the well-being of the peopl

fordly said economic growth is slowing that southern border is being overrun by record number of illegal immigrants, it all means the white house is schismly lost it way. and that the nation's heart will be afterall broken by very same people who brought 50 years of consecutive trade deficit and the explorative of middle class jobs and who have fed the swamp. for decades -- i have a request tonight please let your congressman and this white house know what you think about all of this. and please, be very honest with them. i would make the same request of the advisors of the counselors to this president, in this have served him and the nation so poorly. joining me now tim founder and ceo of operation underground railroad, who specializes in stopping child trafficking. tim is also a former special agent with the d.h.s. it is great it is honor to have you with us we appreciate you being here. >> thank you, lou. we are hearing from the -- secretary of the department of homeland security that the crisis on our southern borders unsustainable. the president is declared a national emergency. and a major political party has decided to avert its eyes and to pretend that this is all a

white house steve of staff was on cnn. he says closing the border also makes good economic sense. >> but we're also concerned about the effect of the american economy and the nation as a whole from having more than 100,000 cross illegally this month. if we close the borders, why would we do that? because we need the people who are working at the legal ports of entry to go patrol, and i'm not making this up, where there's no wall. we were not lying to people when we said that this was an emergency. very few people believed us, especially folks in the media and the democrat party. >> cnn's boris sanchez is at the white house. the president will see for himself the border situation in california. he has said this weekend on twitter that u.s. immigration laws are, quote, weak and stupid. is he standing by his threat to close the border? >> reporter: at this point there's no indication from the white house that the president is reconsidering. this is a threat that president trump has made in the past. it appears that it is one that he intends to keep. as you heard there from the acting chief of staff mick mulvaney, there is a relief among some that it could have impac

5% of the white house claims and nondefense discretionary funds over the course of the decade would/nondefense discretionary spending by more than $1 trillion crippling our economic and national security by this investing in education, public health, energy, healthcare research, infrastructure and activities directly related to the national security. including homeland security diplomatic operations, veterans health care, law enforcement, disease prevention and control and in short it is a complete abandonment of our responsibility to the american people, and it is intentional. you can't cut medicare by half a trillion dollars without knowing that it will hurt the nation's seniors and you can't cut medicaid without knowing the results of the families losing health care coverage. you can't cut student loans by more than $200 billion without knowing that it will make it harder if not impossible for people to go to college. you can't cut nutrition assistance by more than 220 billion without knowing it will lead to families without food on the table and you cannot cut by more than 30% without knowing that there will make the air less safe and water less clean. these cuts are not

and the white house releasing the economic report of the president laying out an economic outlook for the next several years. but are president trump's policies getting enough credit for the nation'shead. also shares of tilray surging this morning after sales double in the fourth quarter. we check out some of the hurdles the marijuana industry is facing right now re ineyohen w rk "squawk box" returns in just a moment (video games have evolved.addle) why hasn't the way you bank? virtual wallet from pnc bank helps make it easier to see what you're spending, stash more into savings and stay on top of your finances in a digital world. just one way pnc is modernizing banking to help make things easier. pnc bank. make today the day. >>> welcome back to "squawk box. the futures now indicated up 116 points on the dow. the nasdaq indicated up 32 and the s&p indicated up 12. i just want to -- got boeing up here permanently just to see if it's affecting anything. right now almost unch on boeing. the s&p's at 2832. 2832 plus 12 or 10 or so so you're -- melissa, you're an expert on support and resistance are we through 2800? well, we are by definition >> i was like what are you asking me? >> i

white house claims, in nondefense discretionary funds. over the course of the decade it would slash nondefense discretionary spend big more than $1 trillion, crippling our economic and national security by disinvesting in education, public health, energy, health care research, infrastructure and activities directly related to our national security. including homeland security, diplomatic operations, veterans health care, law enforcement, food safety, disease prevention and control. in short, it's a complet abandonment of the american people and it is intentional. you can't cut medicare by half a trillion dollars without knowing it will hurt our nation's seniors. you can't cut medicaid by a similar amount without knowing it will result in families losing health care coverage. you can't cut student loans by more than $200 billion without knowing it will make it harder if not impossible for young people to go to college you can't cut nutrition assistance by more than $220 billion without knowing it will leave families without food to put on the table. and you can't gut the e.p.a. by more than 30% without knowing it will make our air less safe and our water less clean. these cut

administration officials including kevin, the chair white house counsel economic advisers education secretary betsy devos and fcc chair. hosted by the national institute c-span2. the committee met to consider amendments to a 2020 budget resolution proposed by committee chair mike. you just tax issues, order security, housing portability, disaster relief, agriculture programs and prescription drug pricing. this is the second they committee met on the legislation. markup is three hours and 15 minutes. on your screen, chairman and ranking chairman bernie sanders. >> good morning. welcome to the second day committee markup the budget resolution. i called my back to order. the committee resumes its meeting today for the purpose of considering the budget resolution for fiscal year 2020. ordering the report consistent requirements the budget act. as i noted yesterday, fiscal year 2020 budget represents an important step in reducing debt. it's focused on modest, achievable steps are country fiscal putting. this will solve our problems that i hope it marks the start of an honest bipartisan conversation about the steps we need to stick together to ens